A Japanese Rx for the West: Keep Spending – Barron’s (This is a great interview with Richard Koo on balance sheet recessions. Right analysis, wrong prescription though. His prescription is too one-sided, all government spending. This has serious limitations because of the need to reallocate capital and the huge rise in public sector debt)

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.